Investment Opportunity, 8 units in 2 buildings on good size lot in a nice location, well maintained convenient to downtown for shopping , ski areas and lakes region , good rental history 100% occupancy, ample parking for tenants, five 2 bedrooms and three 1 bedrooms over $111k in gross income yearly, Cap Rate at the asking price is over 13%.
Closed
Listed by: Watson Realty & Associates • Mike Kalil
Bought with: Watson Realty & Associates
$585,000
189 N Main Street, Rutland City, VT 05701
13beds
5,000sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$117/sqft
$1,804 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,804/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Mike Kalil,
Watson Realty & Associates 802-773-3500
Bought with:
Mike Kalil
Watson Realty & Associates
Source: PrimeMLS,MLS#: 4960591
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Oil, Baseboard, Hot Water
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Basement: Unfinished,Interior Entry
Interior area
- Total structure area: 6,200
- Total interior livable area: 5,000 sqft
- Finished area above ground: 5,000
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Gravel, Off Street, On Site, Parking Spaces 6+
Features
- Levels: Two
- Frontage length: Road frontage: 50
Lot
- Size: 0.36 Acres
- Features: City Lot
Details
- Parcel number: 54017015456
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Exterior
- Foundation: Stone
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable, Cable Available
Community & HOA
Location
- Region: Rutland
Financial & listing details
- Price per square foot: $117/sqft
- Tax assessed value: $234,100
- Annual tax amount: $8,084
- Date on market: 7/10/2023
Price history
| Date | Event | Price |
|---|---|---|
| 6/21/2024 | Sold | $585,000+4.5%$117/sqft |
Source:  PrimeMLS #4960591 Report a problem | ||
| 3/22/2024 | Contingent | $560,000$112/sqft |
Source: PrimeMLS #4960591 Report a problem | ||
| 12/19/2023 | Listed for sale | $560,000$112/sqft |
Source: PrimeMLS #4960591 Report a problem | ||
| 12/14/2023 | Contingent | $560,000$112/sqft |
Source: PrimeMLS #4960591 Report a problem | ||
| 11/9/2023 | Listed for sale | $560,000$112/sqft |
Source: PrimeMLS #4960591 Report a problem | ||
| 10/23/2023 | Contingent | $560,000$112/sqft |
Source: PrimeMLS #4960591 Report a problem | ||
| 7/10/2023 | Listed for sale | $560,000+64.7%$112/sqft |
Source: PrimeMLS #4960591 Report a problem | ||
| 7/15/2021 | Sold | $340,000-4.2%$68/sqft |
Source: PrimeMLS #4855803 Report a problem | ||
| 4/17/2021 | Contingent | $355,000$71/sqft |
Source: PrimeMLS #4855803 Report a problem | ||
| 4/15/2021 | Listed for sale | $355,000+7.6%$71/sqft |
Source: PrimeMLS #4855803 Report a problem | ||
| 3/2/2012 | Sold | $330,000$66/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $234,100 |
| 2023 | -- | $234,100 |
| 2022 | -- | $234,100 |
| 2021 | -- | $234,100 |
| 2020 | -- | $234,100 |
| 2019 | -- | $234,100 |
| 2018 | -- | $234,100 |
| 2017 | -- | $234,100 |
| 2016 | -- | $234,100 +9900% |
| 2015 | -- | $2,341 |
| 2014 | -- | $2,341 |
| 2013 | -- | $2,341 |
| 2012 | -- | $2,341 |
| 2011 | -- | $2,341 |
| 2010 | -- | $2,341 |
| 2009 | -- | $2,341 |
| 2008 | -- | $2,341 |
| 2007 | -- | $2,341 |
Find assessor info on the county website
Neighborhood: Rutland City
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Nearby schools
GreatSchools rating
- 4/10Rutland Intermediate SchoolGrades: 3-6Distance: 0.7 mi
- 3/10Rutland Middle SchoolGrades: 7-8Distance: 0.7 mi
- 8/10Rutland Senior High SchoolGrades: 9-12Distance: 1.1 mi
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- Vermont
- Rutland County
- Rutland
- 05701
- Rutland City
- 189 N Main Street
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